Navitas Semiconductor Corp

Navitas Semiconductor Announces Third Quarter 2026 Financial Results

Navitas posted Q3 2026 revenue of $14.0 million, up 33% sequentially and 38% year-over-year -- its first YoY growth since 2024 -- as its high-power business grew more than 50% sequentially. Non-GAAP gross margin expanded to 40.0% while GAAP net loss was $37.1 million (-$0.14 per share); non-GAAP net loss narrowed to $6.9 million (-$0.03). Cash stands at $531.5 million after capital raises and the Claros acquisition. Management guided Q4 revenue to $16.0 million at the midpoint (119% YoY growth), implying full-year 2026 growth of 7% as the company exits mobile/consumer entirely, with AI Data Centers and grid infrastructure expected to exceed 40% of sales by year-end. Momentum is reinforced by an NVIDIA 800V collaboration, a Microchip reference design, U.S. government selection for 10 kV SiC development, and a book-to-bill well above one with backlog extending into mid-2027.

•5d ago

Navitas Unveils Next-Generation Ultra-High-Voltage SiC Power Module to Advance Energy and Grid Infrastructure Efficiency

Navitas launched the G4H08MT23GB4 family of 2300 V full-bridge SiC power modules in the SiCPAK form factor, claiming the industry's leading 8 mΩ RDS(on). The modules target solid-state transformers, grid-scale battery storage, solar inverters, and EV megawatt charging, with the company positioning the product as a medium-voltage building block for AI data center power architecture. Samples are available immediately; no customers, design wins, or revenue figures were disclosed, so the announcement is a strategic positioning event rather than a near-term financial catalyst.

•18d ago

Navitas Collaborates with NVIDIA on 800 V-to-12 V Power Delivery Board for Next-Generation AI Infrastructure

Navitas announced a new 24 kW, 800 V-to-12 V DC-DC power delivery board developed in collaboration with NVIDIA to support the MGX ecosystem and 800 VDC power architectures for AI data centers. The board targets 97% efficiency at full load, exceeds 2,000 W/in³ power density, and eliminates the existing 50 V-to-12 V IBC conversion stage using 16 Navitas GaNFast NV6034 FETs. It will be showcased in NVIDIA's AI Factory MGX Wall partner display at OCP Global Summit 2026, deepening Navitas' visibility in next-generation AI power infrastructure, though no commercial volumes or revenue commitments were disclosed.

•27d ago

Navitas Closes Acquisition of Claros, Advancing AI Infrastructure with Grid-to-xPU Power Delivery

Navitas Semiconductor has closed its previously announced acquisition of Claros, Inc., adding integrated voltage regulator (IVR) technology for AI data centers. The deal extends Navitas' portfolio from grid-to-xPU power delivery, enabling Vertical Power Delivery and Embedded Power Delivery architectures that move power conversion closer to the processor. Navitas says the combination more than doubles its identified 2030 serviceable addressable market to over $8 billion, adding at least $3.5 billion from VPD and IVR markets. A webinar unveiling Claros' technology is scheduled for October 20, 2026, hosted by CEO Chris Allexandre.

•1mo ago

Navitas and Microchip Collaborate to Deliver 800V Reference Design for Next-Generation AI Data Centers

Microchip Technology and Navitas Semiconductor announced a collaboration on an 800V DC-to-6V DC reference design for AI data center rack power, aligned with the Open Compute Project 800V DC standard. The platform pairs Microchip's dsPIC33AK digital signal controllers and TA100 CryptoAuthentication security with Navitas' GaNFast FETs, targeting up to 96% peak efficiency and 2,100 W/in³ power density. For Microchip, the design is strategic positioning in the 800V rack power transition rather than a near-term revenue event; the solution will be showcased at Microchip's OCP Event October 12-15 in San Jose.

•1mo ago

U.S. Government Selects Navitas to Develop Next-Generation 10 kV SiC Power Semiconductors

Navitas Semiconductor was awarded the U.S. Army's ALATTIS program to develop next-generation 10 kV silicon carbide IGBT and PiN diode technology for defense and critical infrastructure applications. The program, sponsored by DEVCOM Army Research Laboratory with JETX support, aims to validate a novel domestic manufacturing process for ultra-high-voltage SiC devices currently unavailable in the U.S. No contract value or timeline was disclosed, but the competitive award strengthens Navitas' defense positioning and underscores its U.S.-anchored SiC supply chain.

•1mo ago

Magnachip Announces Strategic Investment by Navitas Semiconductor

Navitas Semiconductor has agreed to make a $5 million strategic equity investment in Magnachip, purchasing 1,461,988 shares at $3.42 per share under a privately negotiated stock purchase agreement, with closing expected on or about September 24, 2026. The investment builds on the July 2026 partnership under which Magnachip is licensing Navitas' GeneSiC trench-assisted planar technology for 1,200V, 2,300V, 3,300V and higher-voltage applications, and gaining access to Navitas' SiC supply chain with plans to qualify and internalize the technology at Magnachip's South Korea fabrication facility. The companies are targeting energy and grid infrastructure, energy storage, industrial electrification and automotive markets; additional transaction details will be filed in a Form 8-K with the SEC.

•1mo ago

Navitas Delivers Latest Gen 5 GaNFast™ Manufactured in the U.S. Through GlobalFoundries Partnership to Accelerate AI Infrastructure

Navitas announced the first shipments of its Gen 5 GaNFast technology manufactured in the U.S. through a partnership with GlobalFoundries at its Burlington, Vermont facility. The initial product family includes 650 V GaN FETs with specific R(DS)(ON) values, targeting AI infrastructure, performance computing, and critical national security applications. First wafers are shipping in September, with internal samples expected in October and strategic customer samples before the end of the year.

•2mo ago

Navitas To Acquire Claros, Advancing AI Infrastructure with VPD & IVR Technology for Grid-to-xPU

Navitas signed a definitive agreement to acquire Claros, a developer of vertical power delivery (VPD) and integrated voltage regulator (IVR) technology, in a deal valued at up to $232.8 million. The acquisition completes Navitas’ grid-to-xPU power delivery portfolio and is expected to more than double its 2030 serviceable addressable market to over $8 billion. Consideration of approximately $216.0 million will be paid at closing in cash and stock, with additional shares reserved for employee incentives totaling $28.9 million based on milestone achievements.

•2mo ago

Navitas Semiconductor Announces Second Quarter 2026 Financial Results

Navitas reported Q2 revenue of $10.5 million, up 22% sequentially, driven by high-power markets growing more than 50% year-over-year. Management guided for Q3 revenue of $13.5 million, representing 28% sequential growth at the midpoint and a return to year-over-year revenue expansion. The company ended the quarter with $557.4 million in cash, while non-GAAP gross margin expanded to 39.5% despite a GAAP net loss impacted by a large non-cash charge.

•3mo ago

Navitas and Magnachip Announce Strategic Partnership to Accelerate High-Voltage and Ultra-High-Voltage Silicon Carbide Adoption

Magnachip announced a strategic partnership with Navitas to license GeneSiC Gen 4 and Gen 5 silicon carbide technologies for high-voltage power markets. The license covers 1200 V to 3300 V+ platforms, with plans to port the technology to Magnachip's South Korea fab supported by Navitas' supply chain. Target applications include energy infrastructure, storage, and industrial electrification, complementing Magnachip's existing MOSFET portfolio.

•3mo ago

Navitas Introduces Isolated Through-Hole Package for SiC MOSFETs, Enabling Direct-Cooled Thermal Management

Navitas Semiconductor launched the UHV-TO-247-4-ISO package, a new isolated through-hole form factor for its GeneSiC silicon carbide MOSFETs. The package integrates an aluminum nitride substrate to provide over 6000 V of isolation and enables direct-cooled thermal management, eliminating the need for external thermal interface materials. This design reduces thermal resistance by up to 60% and increases power dissipation capability by up to 150%, targeting high-voltage applications in grid infrastructure, energy storage, and AI data centers.

•5mo ago

Navitas Collaborates with NVIDIA MGX™ Ecosystem to Accelerate 800 VDC AI Infrastructure

Navitas Semiconductor showcased its 800V-to-6V power delivery board at NVIDIA’s Partner Ceremony and COMPUTEX 2026, validating its role in the NVIDIA MGX™ ecosystem. The board uses 16 GaNFast FETs to achieve 97.5% peak efficiency and 2100 W/in³ power density, eliminating the need for a traditional 48V intermediate bus converter in AI server racks. CEO Chris Allexandre stated the collaboration helps accelerate the transition to efficient, scalable AI infrastructure by enabling megawatt-scale server racks with higher power density and improved thermal performance.

•5mo ago

Navitas to Showcase Breakthrough GaN and SiC Based Solutions for AI Data Center, Energy and Grid Infrastructure, and Industrial Electrification at PCIM 2026

Navitas Semiconductor will showcase its latest GaN and SiC power semiconductor solutions at PCIM 2026, targeting AI data centers, grid infrastructure, and industrial electrification. Key highlights include a 20 kW 800 V-to-6 V power delivery board for AI data centers aiming for 97.5% peak efficiency, and a 10 kW 800 V-to-50 V DC-DC platform with 98.5% efficiency and 2.1 kW/in³ power density. The company is also exhibiting high-voltage SiC devices (up to 3300 V) and Solid State Transformer (SST) topologies, including a 50 KVA bi-directional solution developed with EPFL and Texas Instruments.

•5mo ago

Cyient Semiconductors Launches India's First GaN Power IC Family Leveraging Navitas Technology

Navitas Semiconductor's technology is being leveraged by Cyient Semiconductors to launch India's first GaN power IC family, introducing seven new 650V devices targeting AI data centers, telecommunications, and e-mobility applications. Under the licensing agreement building on a December 2025 collaboration, Cyient will also serve as a second source for select Navitas GaN devices already in mass production, strengthening supply chain resilience. Sampling of the initial GaN power products is expected to begin by June 2026, with Cyient providing enhanced local support and alignment with India's 'Make in India' domestic sourcing initiatives.

•5mo ago

Navitas Semiconductor Announces First Quarter 2026 Financial Results

Navitas Semiconductor reported Q1 2026 revenue of $8.6 million, up 18% sequentially, driven by a 35% year-over-year increase in high-power markets like AI data centers and energy infrastructure. Non-GAAP gross margin expanded 30 basis points sequentially to 39.0%, while the company maintained a strong cash position of $221 million. Management raised guidance for Q2, projecting revenue of $10.0 million at the midpoint, representing over 16% sequential growth, and appointed Tonya Stevens as CFO to lead the strategic transition to Navitas 2.0.

•6mo ago